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Philippines: Vehicle sales up 4.7% in July

MANILA, Philippines — Local car and truck assemblers registered higher sales last month but expect a slowdown this month amid the stricter quarantine measures imposed due to the threat of the COVID Delta variant. Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) yesterday showed […]

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Bank of Laos Warns Public Against Use of Cryptocurrency

The Bank of Laos (BOL) has issued a notice warning the public about the usage of unregulated cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which are not connected to actual currency reserves. The notice states that while authorities have already issued a notice to warn the public against the use of Cryptocurrencies in 2018, many continue to trade in […]

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Some at Bank of Thailand pushed for rate cut – minutes

Two members of Thailand’s monetary policy committee who pushed unsuccessfully for a rate cut earlier this month argued preemptive action was needed because of the risks of an economic slowdown in the period ahead, minutes of the meeting showed. The biggest Covid-19 outbreak to date, which prompted stricter containments measures to areas accounting for about […]

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